Daily Sugar Price Tracker with Vanessa Clark
https://www.instagram.com/vanessaclarkipai This is your Sugar podcast. Welcome back to the Daily Sugar Price Tracker, I am Vanessa Clark, and today we are breaking down the latest sugar market news and today’s sugar price so you can stay ahead of this important commodity. As of this morning, the world benchmark raw sugar futures price is trading at about 13 point 8 cents per pound on the international market. Reuters recently reported raw sugar dipping to its lowest level in more than a month, touching around 13 point 7 cents before stabilizing near 13 point 8 cents per pound. That is the key number to watch if you are following global sugar futures, hedging sugar costs, or tracking soft commodity prices. Why are sugar prices under pressure right now? According to analysts at Czapp, global sugar production for the twenty twenty six to twenty twenty seven season is expected to be around 178 point 9 million tonnes, with consumption near 179 million tonnes. In other words, the market is basically flat, with a very small deficit instead of the bigger surplus traders expected earlier. At the same time, mills in Brazil are still weighing whether to send more cane to sugar or to ethanol, which keeps some uncertainty in the price outlook. On the policy side, the Kathmandu Post reports that India has extended its sugar export ban until the end of September twenty twenty six to protect domestic supplies. That means less sugar available to the world market and is one reason importers are watching prices very closely. If you are a food manufacturer, baker, or small business that depends on sugar, here are two quick takeaways. First, use today’s softer price near 13 point 8 cents per pound as a reference when you talk with suppliers about contracts or when you compare spot offers. Second, keep an eye on news from Brazil and India, because changes there can quickly move sugar futures, and locking in part of your needs when prices dip can help manage your costs. That is it for today’s Daily Sugar Price Tracker with Vanessa Clark. Thanks for listening, make sure you subscribe, share this with a friend who watches sugar prices, and tune in next time for your daily sugar market update. For more http://www.quietplease.ai Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai For some deals, check out https://amzn.to/4hSgB4r
148 episodios
Comentarios
0Sé la primera persona en comentar
¡Regístrate ahora y únete a la comunidad de Daily Sugar Price Tracker with Vanessa Clark!